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MANY Queensland coal company CEOS agree they will be forced to cut costs to be able to meet the increased coal royalties announced in the recent state budget.

The survey by the Queensland Resources Council shows that cost-cutting measures include reducing employee and contractor numbers, cutting rail and port costs and cuts to exploration expenditure.

QRC Chief Executive Michael Roche said the increased royalties came at a time when the industry was already under stress from the high Australian dollar, rising labour and materials costs and falling commodity prices.